- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$207K - $363K
- Units as of 2023
-
12 50.0% over 3 years
Company Overview
About Franny's Farmacy
Industry | Health & Wellness |
---|---|
Related Categories | CBD, Miscellaneous Health Products, Miscellaneous Retail Businesses |
Founded | 2018 |
Parent Company | Franny's Franchising |
Leadership | Tynesha Carden, Business Development |
Corporate Address |
231 Biltmore Ave. Asheville, NC 28801 |
Social | Facebook, Instagram, YouTube, Pinterest, TikTok |
Business Overview
Franchising Since | 2019 (5 years) |
---|---|
# of employees at HQ | 20 |
Where seeking |
This company is offering new franchises throughout the US. |
# of Units | 12 (as of 2023) |
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Franny's Farmacy franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Initial Franchise Fee
|
$40,000 |
---|---|
Initial Investment
|
$206,600 - $362,500 |
Cash Requirement
|
$171,000 - $250,000 |
Veteran Incentives
|
10% off franchise fee |
Royalty Fee
|
6% |
Ad Royalty Fee
|
1% |
Term of Agreement
|
10 years |
Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
In-House Financing | Franny's Farmacy offers in-house financing to cover the following: inventory, accounts receivable |
---|---|
Third Party Financing | Franny's Farmacy has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, payroll |
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
On-The-Job Training | 48 hours |
---|---|
Classroom Training | 22 hours |
Ongoing Support |
Purchasing Co-ops
Newsletter
Meetings & Conventions
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
|
Marketing Support |
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App
|
Operations
Additional details about running this franchise.
Is absentee ownership allowed? | Yes |
---|---|
Can this franchise be run from home/mobile unit?
|
No |
Can this franchise be run part time?
|
No |
Are exclusive territories available?
|
Yes |
Additional Rankings
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